Daily Continuous
Suggested yesterday and in the Weekly that any rally associated with the rally in Crude it could on on thin ice should the Crude market correct. Such was the case yesterday and now the market has returned to the support zone that the market has been working for the month. Not convinced that a decline will have the power to break down and below as the market still has to respect the Mid East situation.
Major Support: $2.87-$2.84, $2.640-$2.57
Minor Support/Resistance : $3.16-$3.148, $3.136, $3.02-$2.97
Major Resistance: $3.26, $3.42, $4.063, $4.086, $4.593, $5.333, $5.496